Originally Posted by fuzzylogic

check this very cool article that breaks down living expenses on NYC bankers which provides a neat glimpse into a high-end way of living. it provides an understanding why they will be very unhappy about higher taxes and a salary cap of 500k. They just will not be able to survive.

"Five hundred thousand dollars — the amount President Obama wants to set as the top pay for banking executives whose firms accept government bailout money — seems like a lot, and it is a lot. To many people in many places, it is a princely sum to live on. But in the neighborhoods of New York City and its suburban enclaves where successful bankers live, half a million a year can go very fast."

http://www.nytimes.com/2009/02/08/fa...lfmill.html?em